China’s Tianjin Southwest Maritime (TSM) is continuing its VLGC spree by ordering more newbuildings.
Industry sources said the Guangzhou shipowner has returned to state-owned Chinese builder Jiangnan Shipyard after placing an order there less than a month ago.
It has commissioned three more LPG-fuelled, 86,000-cbm newbuildings, bringing its total tally at the Shanghai yard to five.
Three weeks ago, TSM signed a deal with the yard to build a similar ship, which was said to represent an option that it held at Jiangnan when it ordered its first vessel in January.
